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Single family home for sale at 401 Massalina Dr, Panama City, FL 32401 | MLS# 792157 | Listing updated on 2026-10-14
Photo 1 of Single family home for sale at 401 Massalina Dr, Panama City, FL 32401 | MLS# 792157 | Listing updated on 2026-10-14
Photo 2 of Single family home for sale at 401 Massalina Dr, Panama City, FL 32401 | MLS# 792157 | Listing updated on 2026-10-14
Photo 3 of Single family home for sale at 401 Massalina Dr, Panama City, FL 32401 | MLS# 792157 | Listing updated on 2026-10-14
Photo 4 of Single family home for sale at 401 Massalina Dr, Panama City, FL 32401 | MLS# 792157 | Listing updated on 2026-10-14
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Street View

$793,000

Monthly Est:$3,947

  • Beds Icon3 Beds
  • Beds Icon
    2 Baths
  • Beds Icon1,776sqft

401 Massalina Dr, Panama City, FL 32401

$3,947/moEst:

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  • Single Family Residence

  • Built in 2025

  • $-- HOA

  • 0.13 acre lot

  • $447/sq.ft

Description

Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico.
This property is the most versatile home in Panama City with virtually unlimited uses.
Perfect for a primary residence or second home. Also, the potential for massive short term rental opportunity exists. Sold fully furnished with all new furnishings.

401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service.

Built in 2025, this 3-bedroom 2-bathroom with den/office offers gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large
Island, gas stove, double door refrigerator with ice maker and wine cooler. The living / dining walks out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities.

  • Houzeo last checked: 2 minutes ago
  • Listing updated: October 14, 2026 at 8:59 am
  • Listing Provided by: Mike Herring DRE #3256219 | Keller Williams Realty Emerald (850) 654-2900
  • Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 792157 Bay/Panama City/Central Panhandle MLS-FL

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    -

  • County

    Bay County

  • City

    Panama City

  • Neighborhood

    Cove

  • Year Built

    2025

  • HOA Fees

    -

  • Finished Area

    1,776 sqft

  • Lot Size

    0.13 acre lot

  • Basement Area

    - sqft

  • MLS Name

    Bay/Panama City/Central Panhandle MLS

  • MLS Number

    792157

  • MLS Status

    Active

  • Days on Market

    119

  • Cumulative Days on Market

    103

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 3

    Bathrooms: 2

  • FullBath

    Level: First

    Area: 64.00 Square Feet

    Dimensions: 8 x 8

  • Den

    Level: Second

    Area: 70.00 Square Feet

    Dimensions: 7 x 10

  • FamilyRoom

    Level: Second

    Area: 273.00 Square Feet

    Dimensions: 21 x 13

  • LivingRoom

    Level: First

    Area: 88.00 Square Feet

    Dimensions: 8 x 11

  • Bedroom

    Level: Second

    Area: 130.00 Square Feet

    Dimensions: 13 x 10

  • Bedroom

    Level: Second

    Area: 130.00 Square Feet

    Dimensions: 13 x 10

  • PrimaryBedroom

    Level: First

    Area: 144.00 Square Feet

    Dimensions: 12 x 12

Interior

  • Sewer

    Public Sewer

  • Appliances

    Gas Range, Tankless Water Heater

  • Interior Features

    Double Vanity, Interior Steps, Main Level Primary, Walk In Closets

  • Cooling

    Central Air, Ceiling Fans

  • Heating

    Electric

Construction

  • Year Built

    Year Built: 2025

  • Home type

    Single Family Residence

  • Construction Materials

    Hardiplank Type

  • Roof

    Metal

  • Architectural Style

    Craftsman

Utilities & Energy

  • Pool Features

    Electric Heat, In Ground, Private

  • Utilities

    Natural Gas Available

Other Features

  • Subdivision Name

    Cove

  • Patio And Porch Features

    Covered, Porch

  • Community Features

    Short Term Rental Allowed

  • Lot Features

    Sprinkler System, Paved

Price History

DateEventPrice

07/02/2026

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #792157

Price Increased

$835,000 +5.30%

$470/sqft

07/02/2026

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #792157

Price Decreased

$793,000 -10.60%

$447/sqft

06/03/2025

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #772828

Off Market

$887,000

$499/sqft

06/03/2025

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #772828

Listed for Sale

$887,000

$499/sqft

Cove Ranks #1 in Panama City, FL

Homes for sale
39

Homes

Rental prices
$1,194

Rental Prices

Median Home Price
$0

Median Home Price

Cove, Panama City, FL neighborhood guide

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Based on information from Central Panhandle Association of REALTORS® MLS through Oct 30, 2026, 06:15AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®

Advertising Broker: Moe Mossa (Savvy Avenue) | Savvy Avenue, LLC

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